Bill Text: IL HB4591 | 2015-2016 | 99th General Assembly | Introduced
Bill Title: Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that, in addition to certain listed items, reported payroll data must include any and all other data necessary for the Fund to calculate pension benefits. Provides that any necessary amendments or corrections to certified data provided by the employer must be made within one year after the certified data is received by the Fund. Effective immediately.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2016-04-08 - Rule 19(a) / Re-referred to Rules Committee [HB4591 Detail]
Download: Illinois-2015-HB4591-Introduced.html
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1 | AN ACT concerning public employee benefits.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Pension Code is amended by changing | ||||||||||||||||||||||||
5 | Section 17-132 as follows:
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6 | (40 ILCS 5/17-132) (from Ch. 108 1/2, par. 17-132)
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7 | Sec. 17-132. Payments and certification of salary | ||||||||||||||||||||||||
8 | deductions. | ||||||||||||||||||||||||
9 | (a) An Employer shall cause the Fund to receive all | ||||||||||||||||||||||||
10 | members' payroll records and pension contributions within 30 | ||||||||||||||||||||||||
11 | calendar days after each predesignated payday. For purposes of | ||||||||||||||||||||||||
12 | this Section, the predesignated payday shall be determined in | ||||||||||||||||||||||||
13 | accordance with each Employer's payroll schedule for | ||||||||||||||||||||||||
14 | contributions to the Fund. | ||||||||||||||||||||||||
15 | (b) An Employer that fails to timely certify and submit | ||||||||||||||||||||||||
16 | payroll records to the Fund is subject to a statutory penalty | ||||||||||||||||||||||||
17 | in the amount of $100 per day for each day that a required | ||||||||||||||||||||||||
18 | certification and submission is late. | ||||||||||||||||||||||||
19 | Amounts not received by the 30th calendar day after the | ||||||||||||||||||||||||
20 | predesignated payday shall be deemed delinquent and subject to | ||||||||||||||||||||||||
21 | a penalty consisting of interest, which shall accrue on a | ||||||||||||||||||||||||
22 | monthly basis at the Fund's then effective actuarial rate of | ||||||||||||||||||||||||
23 | return, and liquidated damages in the amount of $100 per day, |
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1 | not to exceed 20% of the principal contributions due, which | ||||||
2 | shall be mandatory except for good cause shown and in the | ||||||
3 | discretion of the Board. | ||||||
4 | An Employer in possession of member contributions deducted | ||||||
5 | from payroll checks is holding Fund assets, and thus becomes a | ||||||
6 | fiduciary over those assets. | ||||||
7 | (c) The payroll records shall report (1) all pensionable | ||||||
8 | salary earned in that pay period, exclusive of salaries for | ||||||
9 | overtime, special services, or any employment on an optional | ||||||
10 | basis, such as in summer school; (2) adjustments to pensionable | ||||||
11 | salary, exclusive of salaries for overtime, special services, | ||||||
12 | or any employment on an optional basis, such as in summer | ||||||
13 | school, made in a pay period for any prior pay periods; (3) | ||||||
14 | pension contributions attributable to pensionable salary | ||||||
15 | earned in the reported pay period or the adjusted pay period as | ||||||
16 | required by subsection (b) of Section 17-131; and (4) any | ||||||
17 | salary paid by an Employer if that salary is compensation for | ||||||
18 | validated service and is exclusive of salary for overtime, | ||||||
19 | special services, or any employment on an optional basis, such | ||||||
20 | as in summer school ; and (5) any and all other data necessary | ||||||
21 | for the Fund to calculate pension benefits . Payroll records | ||||||
22 | required by item (4) of this paragraph shall identify the | ||||||
23 | number of days of service rendered by the member and whether | ||||||
24 | each day of service represents a partial or whole day of | ||||||
25 | service. | ||||||
26 | Any necessary amendments or corrections to certified data |
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1 | provided by the employer must be made within one year after the | ||||||
2 | certified data is received by the Fund. | ||||||
3 | (d) The appropriate officers of the Employer shall certify | ||||||
4 | and submit the payroll records no later than 30 calendar days | ||||||
5 | after each predesignated payday. The certification shall | ||||||
6 | constitute a confirmation of the accuracy of such deductions | ||||||
7 | according to the provisions of this Article. | ||||||
8 | Each Charter School shall designate an administrator as a | ||||||
9 | "Pension Officer". The Pension Officer shall be responsible for | ||||||
10 | certifying all payroll information, including contributions | ||||||
11 | due and certified sick days payable pursuant to Section 17-134, | ||||||
12 | and assuring resolution of reported payroll and contribution | ||||||
13 | deficiencies. | ||||||
14 | (e) The Board has the authority to conduct payroll audits | ||||||
15 | of a charter school to determine the existence of any | ||||||
16 | delinquencies in contributions to the Fund, and such charter | ||||||
17 | school shall be required to provide such books and records and | ||||||
18 | contribution information as the Board or its authorized | ||||||
19 | representative may require. The Board is also authorized to | ||||||
20 | collect delinquent contributions from charter schools and | ||||||
21 | develop procedures for the collection of such delinquencies. | ||||||
22 | Collection procedures may include legal proceedings in the | ||||||
23 | courts of the State of Illinois. Expenses, including reasonable | ||||||
24 | attorneys' fees, incurred in the collection of delinquent | ||||||
25 | contributions may be assessed by the Board against the charter | ||||||
26 | school.
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1 | (Source: P.A. 98-427, eff. 8-16-13; 99-176, eff. 7-29-15.)
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2 | Section 99. Effective date. This Act takes effect upon | ||||||
3 | becoming law.
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